Short Interest in YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Grows By 668.7%

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 77,480 shares, an increase of 668.7% from the January 15th total of 10,079 shares. Based on an average daily trading volume, of 84,040 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.6% of the company’s shares are short sold. Approximately 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 84,040 shares, the days-to-cover ratio is presently 0.9 days.

YieldMax BABA Option Income Strategy ETF Stock Up 2.1%

Shares of NYSEARCA BABO traded up $0.28 during midday trading on Tuesday, hitting $13.85. The stock had a trading volume of 35,288 shares, compared to its average volume of 67,033. YieldMax BABA Option Income Strategy ETF has a fifty-two week low of $12.97 and a fifty-two week high of $24.00. The company’s 50-day simple moving average is $13.92 and its 200 day simple moving average is $15.28.

YieldMax BABA Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 6th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.1166 per share. This represents a yield of 4,695.0%. The ex-dividend date of this dividend was Thursday, February 5th.

About YieldMax BABA Option Income Strategy ETF

The YieldMax BABA Option Income Strategy ETF (BABO) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Alibaba stock (BABA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. BABO was launched on Aug 7, 2024 and is issued by YieldMax.